Avnet Reports First Quarter Fiscal 2020 Financial Results

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Avnet (AVT) Misses Q1 EPS by 5c, Q2 Guidance Misses

October 24, 2019 4:22 PM EDT

Avnet (NASDAQ: AVT) reported Q1 EPS of $0.60, $0.05 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.55 billion.

GUIDANCE:

Avnet sees Q2 2020 EPS of $0.35-$0.45, versus the consensus of $0.70. Avnet sees Q2... More